[ad_1] CASH-POOR pensioners sitting on valuable family homes could be plunged into a debt spiral under Rachel Reeves’ new “mansion tax” plans. Reeves unveiled the levy in Wednesday’s Budget, targeting homes worth more than £2million. Sign up for the Money newsletter Thank you! To stop grannies being forced to sell up, the government says it…
[ad_1] Consumer confidence in the US worsened again as short-term inflation expectations hit their highest level in nearly half a century, the results of a closely followed survey revealed. The University of Michigan‘s consumer confidence index slipped from a reading of 57.0 at the end of March to 50.8. That missed forecasts for a print…
[ad_1] Contract bargaining for approximately 170,000 Deutsche Post employees began in early January. Verdi [United Services Trade Union] is calling for a straight increase of 7 percent with a 12-month contract term. The smaller DPVKOM union is demanding 8 percent or a €350 [$US359] minimum increase in monthly wages, also over a period of 12…
[ad_1] Wall Street stocks were in the red early on Monday as market participants looked ahead to key inflation data due out later in the week. As of 1450 BST, the Dow Jones Industrial Average was down 0.33% at 39,367.84, while the S&P 500 lost 0.16% to 5,355.70 and the Nasdaq Composite came out the…
[ad_1] London stocks were set for a steady open on Wednesday as investors mulled the latest UK inflation reading. The FTSE 100 was called to open flat at 8,191. Figures released earlier by the Office for National Statistics showed that annual consumer price inflation fell to 2% in May from 2.3% in April, in line…
[ad_1] Figures from Indeed, the recruiter, show advertised salaries are accelerating in the UK even as they slowed in the eurozone. Real wages have risen by more in 12 months than they did in the previous 16 years, according to the Resolution Foundation. Regular wages are 2.4pc higher than they were a year ago after…
[ad_1] Yet if it had so little impact, why did both Switzerland and Japan, which were subjected to the same external shocks but did not see anything like the same degree of money growth, have a less severe inflationary experience? In any case, the Bank of England’s latest Monetary Policy Report devotes an entire pull-out…
[ad_1] The Bank of England (BoE) has raised interest rates by 25 basis points to 5.25 percent, the 14th consecutive rise since December 2021. The BoE’s announcement Thursday, spelling financial disaster for millions, is a class war measure. It takes interest rates to their highest level in 15 years and deepens a brutal policy by…
[ad_1] The planned cap on stamp prices is the latest blow to Royal Mail, which is trying to shift its focus to parcels as demand for letters continues to decline. Earlier this month, the Government blocked the company’s plans to axe Saturday letter deliveries. The move threatens to drive the price of first class stamps…
[ad_1] Royal Mail and union leaders FINALLY reach agreement following 11-month bitter dispute over pay and employment conditions Royal Mail said it reached a negotiators’ agreement in principle with the CWU This follows nationwide strikes in 2022 from more than 110,000 postal staff By Ffion Haf Published: 16:09 EDT, 15 April 2023 | Updated: 16:16…